Clarus Wealth Advisors Takes $11.19 Million Position in Invesco NASDAQ 100 ETF $QQQM

Clarus Wealth Advisors purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,204 shares of the company’s stock, valued at approximately $11,189,000. Invesco NASDAQ 100 ETF accounts for about 4.1% of Clarus Wealth Advisors’ portfolio, making the stock its 6th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Principia Wealth Advisory LLC raised its holdings in Invesco NASDAQ 100 ETF by 1,615.9% during the 4th quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock worth $241,488,000 after purchasing an additional 899,154 shares during the last quarter. Meitav Investment House Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 25.3% during the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock worth $612,143,000 after buying an additional 520,102 shares during the period. Royal Bank of Canada grew its position in shares of Invesco NASDAQ 100 ETF by 62.9% during the 4th quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock worth $325,458,000 after buying an additional 497,004 shares during the period. Invesco Ltd. lifted its holdings in Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after buying an additional 468,626 shares during the period. Finally, Asset Allocation Strategies LLC lifted its holdings in Invesco NASDAQ 100 ETF by 728.3% in the second quarter. Asset Allocation Strategies LLC now owns 435,112 shares of the company’s stock valued at $98,814,000 after buying an additional 382,579 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $291.40 on Wednesday. The company has a fifty day moving average price of $292.72 and a two-hundred day moving average price of $277.24. Invesco NASDAQ 100 ETF has a 52 week low of $228.75 and a 52 week high of $308.21. The firm has a market capitalization of $100.03 billion, a PE ratio of 31.95 and a beta of 1.23.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.